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Buy to Let in Italy

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  • D_M_E
    D_M_E Posts: 3,008 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    edited 8 May 2018 at 9:08PM
    Something else to consider - you need to register with the local comune - council - and get a residency permit.

    This will cost you anything from 30 euros to about 100 euros and you have to get it as soon as you either buy - either outright or using the rent to buy scheme - or sign a long term rental.

    There is also health insurance to consider - at present for short stays, holidays and such, the EHIC is useful.
    This means you get the same as the locals get and have to pay the same but you can reclaim anything you are charged from the NHS.
    If you are there for an extended period then either you have insurance to cover any costs or you opt for the state system and they submit a claim on your behalf to the NHS.
    What will happen after Brexit is anyone's guess, but reports are that such reciprocal arrangements will be terminated once the UK leaves Europe, leaving many people exposed to no healthcare arrangements unless they have long term insurance cover.

    Talking about insurance - contents insurance in Italy costs about 3 times what it does here in the UK and as for buildings insurance should you decide to buy this also is not cheap as it is in the UK, and that earthquake risk is often impossible to get.

    EDIT - if you do go for a long term rental then you will need to get a Codice Fiscale for this - it's just an Italian tax code but you must produce one when you buy, long term rent, apply for gas, electric, water, residency, phone, broadband, refuse collection, buy an Italian car and in most cases get an Italian mobile phone or SIM and also some shops will ask you to show it when you buy a PAYG topup. I think you also have to quote it if you take out an Italian tv licence or take the Italian driving test, which brings a whole new raft of hoops to jump through if you do one, but you can at present simply - nothing is ever simple in beurocratic Italy - change your UK one for an Italian one but, after Brexit expect to have to take the Italian test.
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